Nine new clients have signed on to SunGards fund accounting and investor accounting solutions, InvestOne Enterprise and InvesTier.
Over $200 billion in assets from more than 900 hedge funds and funds of funds are now processed on SunGards hedge fund accounting platforms, said Doug Morgan, president of investment systems, SunGard. Hedge fund managers and administrators are increasingly recognizing the functional richness of InvestOne Enterprise and InvesTier and SunGards commitment to the ongoing enhancement of these solutions in response to dynamic industry changes.
InvestOne Enterprise processes diverse assets for hedge funds, pension funds, mutual funds, and specialized funds. The product has also been adapted for the processing of alternative investments through a broad development effort which has addressed areas such as strategy reporting, additional derivatives functionality, and expanded reporting. InvestOne is now used by hedge fund managers and administrators alike for portfolio accounting and NAV reporting purposes.
Integrated with InvestOne Enterprise as part of SunGards HedgePower platform, InvesTier supports the investor accounting and reporting needs of the alternative investment industry and serves customers ranging from leading global third-party administrators, domestic and off-shore hedge funds, funds of funds and other vehicles in North America, Europe and Asia.